Assess whether CAT pricing is defensible given SOV quality (b84352)

Situation

In a chemical distributor seeking pollution coverage, property COPE data with missing construction grades is the only Specialty Liability extract after a fleet fatality in the last 90 days that fleet auto renewal underwriter can use for CAT pricing is defensible. Fleet auto renewal underwriter has to pick Bind or Restrict for this Insurance Underwriting Specialty Liability close using property COPE data with missing construction grades.

Decision

Fleet auto renewal underwriter in a chemical distributor seeking pollution coverage must choose Bind / Restrict / Decline / Hold using property COPE data with missing construction grades after a fleet fatality in the last 90 days.

Hypotheses to test

• Property COPE data with missing construction grades reads as Bind once a fleet fatality in the last 90 days is lined up to the same Insurance Underwriting population.
• Property COPE data with missing construction grades is closer to Restrict after a fleet fatality in the last 90 days; Bind would over-claim this Specialty Liability extract.
• Decline is still live in property COPE data with missing construction grades for fleet auto renewal underwriter in a chemical distributor seeking pollution coverage.
• Property COPE data with missing construction grades is missing the fact fleet auto renewal underwriter needs after a fleet fatality in the last 90 days; stop this Insurance Underwriting close.

Analysis required

• Flag any accumulation fact property COPE data with missing construction grades does not price.
• Compare treaty versus facultative treatment for the risk CAT pricing is defensible names.
• Check the submission completeness against a fleet fatality in the last 90 days.
• For this Insurance Underwriting Specialty Liability file, read property COPE data with missing construction grades against a fleet fatality in the last 90 days and write the one fact that would move CAT pricing is defensible for fleet auto renewal underwriter.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Specialty Liability packet (property COPE data with missing construction grades after a fleet fatality in the last 90 days). If property COPE data with missing construction grades cannot force a Insurance Underwriting label under Specialty Liability, stop. If property COPE data with missing construction grades after a fleet fatality in the last 90 days cannot support Bind versus Restrict on this Insurance Underwriting Specialty Liability close, fleet auto renewal underwriter must do not bind, restrict, or decline beyond what the submission actually prices.